401(k) · DOL Form 5500 · 2023

First Exchange Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
49
Participants Small participant base
52nd
Percentile by assets National rank
$149,474
Avg per participant Above avg balance/head
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Official DOL plan name: First Exchange Bank 401(k) Employee Stock Ownership Plan · Sponsored by First Exchange Bank · West Virginia · Finance & Insurance

$7M in assets, 49 participants

First Exchange Bank's First Exchange Bank 401(k) Employee Stock Ownership Plan reported $7M in total assets and 49 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,310 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

First Exchange Bank 401(k) Employee Stock Ownership Plan holds $7M for 49 participants - about $149,474 per participant, above the median plan by assets.

#3,310
in Finance & Insurance (8,869 peers)
+0.7%
assets growth YoY

First Exchange Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Exchange Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,324,220 Top 48% higher than 52% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Exchange Bank 401(k) Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Exchange Bank 401(k) Employee Stock Ownership Plan is a small filing (49 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Exchange Bank 401(k) Employee Stock Ownership Plan reported net income rose from -$393K in the plan year 2022 filing to $54K in the plan year 2023 filing.
  • First Exchange Bank 401(k) Employee Stock Ownership Plan reported participants fell from 55 in the plan year 2022 filing to 49 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 550170680 · First Exchange Bank PY 2023 · 401(k)

First Exchange Bank 401(k) Employee Stock Ownership Plan · $7M · 49 · 52nd

  • IND $7M
  • EOY 49
  • 5500 52nd
  • ASSETS 401(k)
  • PCT near Cbc Federal Credit Union 401-K Profit Sharing Plan
  • EIN ind #3310

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in West Virginia →

First Exchange Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

First Exchange Bank 401(k) Employee Stock Ownership PlanFirst Exchange Bank 401(k) E…$7MCbc Federal Credit Union 401-K Profit Sharing PlanCbc Federal Credit Union 401…$7MDefense Contracting, Inc. Retirement TrustDefense Contracting, Inc. Re…$7MMetro Decor LLC 401(k) Plan$7MAeg Union Holding Company 401(k) PlanAeg Union Holding Company 40…$7M
End-of-year total assets ($M) among First Exchange Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$7M
Net Income$54K
Employer EIN550170680
Plan Effective Date1979-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Exchange Bank)

Sponsor-wide plan assets over time

All First Exchange Bank plans reported in each filing year

Latest sponsor-wide plan assets
$8M 7.96186171708926% vs 2022
2024 filing year
$7.2M$7.4M$7.6M$7.8M$8M 202220232024 $7.27M $7.85M ▲ +8.0%
Year Plans Participants Total Assets
2022 1 55 $7M
2023 1 49 $7M
2024 1 62 $8M

Nearby 401(k) Plans in West Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Exchange Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants First Exchange Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.00732422 · Participants: 49First Exchange Bank 401(k) Employee Stock Ownership PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($B): 1.063431645 · Participants: 1878Orrick, Herrington & Sutcliffe LLP Retirement PlanCamc Health System Basic Retirement Plan, Total assets ($B): 0.718819432 · Participants: 0Camc Health System Basic Retirement PlanAmerican Public Education Retirement Plan, Total assets ($B): 0.259281173 · Participants: 5728American Public Education Retirement PlanWest Virginia University Health System 401(k) Plan, Total assets ($B): 0.255241932 · Participants: 2525West Virginia University Health System 401(k) PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($B): 0.227919168 · Participants: 2740United Bankshares, Inc. Savings and Stock Investment Plan
First Exchange Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants
Compare First Exchange Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First Exchange Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside West Virginia, the nearest 401(k) by assets is Cbc Federal Credit Union 401-K Profit Sharing Plan in CA ($7M); by covered participants it is Marvin & Co. PC Savings and Thrift Plan in NY (49 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (49 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Exchange Bank 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
First Exchange Bank 401(k) Employee Stock Ownership Plan held essentially flat - up 0.7% during 2023, from $7M to $7M. Reported net income was $54K.
How have First Exchange Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Exchange Bank's sponsor-wide assets grew 8.0%, from $7M to $8M.
Which 401(k) plans are similar in size to First Exchange Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cbc Federal Credit Union 401-K Profit Sharing Plan in CA ($7M, 137 participants).
Which 401(k) plans cover a similar participant headcount to First Exchange Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Marvin & Co. PC Savings and Thrift Plan in NY (49 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 550170680.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.